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Robi Axiata sees 122.50pc growth in EPS for Q3

FE Report | November 01, 2021 00:00:00

Robi Axiata saw 122.50 per cent growth in consolidated EPS for July-September (Q3), 2021 compared to same quarter of previous year riding on increased revenue and effective cost management.

The country's second largest telecom operator reported its consolidated EPS of Tk 0.17 for Q3, 2021 which was Tk 0.08 for same period of the previous year.

The company's financial statement for Q3, 2021 was released on Sunday at a virtual event.

Robi's consolidated EPS was Tk. 0.32 for January-September 2021 as against Tk. 0.25 for January-September 2020.

The consolidated NAV per share of Robi was Tk. 12.61 as on September 30, 2021 and Tk. 13.90 as on December 31, 2020.

Supported by steadily rising revenue, and efficient cost management, the company's profit after tax (PAT) for the first nine months of the year reached Tk 1.67 billion.

"We are very happy to see our profit rising steadily every quarter this year," said the Robi's acting CEO and CFO, M. Riyaaz Rashid.

He said the company was not able to see revenue growth for nine months as per expectation due to minimum two per cent turnover tax.

"Our shareholders are certainly being deprived of the value they deserve for their investment in the company due to this reason," said the acting CEO.

Robi has informed that it's 4G subscriber base grew 12.7 per cent in Q3, 21 from Q2,21.

"Compared to the same quarter of last year, its 4G subscriber base grew 51.1 per cent," according to the company's disclosure.

Out of a total subscriber base of 53 million, 22.4 million are 4G subscribers.

"Besides, 74 per cent of the company's subscribers are now data users, and this figure is the highest in the industry."

Robi's revenue reached Tk 20.85 billion in Q3, 2021 following a rise of 2.7 per cent compared to the last quarter.

Including capex investment of Tk 6.50 billion in Q3, 2021, the total capex investment in the first nine months (January-September) of the year reached Tk 13.86 billion.

Robi paid Tk 11.19 billion to the government exchequer in Q3, 2021, which was 53.7 per cent of its revenue for the quarter.

The company also informed that its smartphone and data users are actively using its self-care app for availing their desired services.

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